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Stock Market & Financial Investment News

News Breaks
July 28, 2014
06:43 EDTAUDVF, VLKAYAudi decreases spare-part costs in China amid investigation, Reuters says
Volkswagen's (VLKAY) premium brand Audi (AUDVF) said it plans to reduce spare-part costs in China as worldwide carmakers rush to amend their pricing goals after the National Development and Reform Commission in China started investigating the vehicle industry, according to Reuters, citing comments in an emailed statement from Audi. The NDRC is looking into the industry amid domestic media allegations that foreign car companies, using a monopolistic market position, are charging Chinese clients too much on products and extra parts. Reference Link
News For AUDVF;VLKAY From The Last 14 Days
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July 28, 2015
06:55 EDTVLKAYVolkswagen passes Toyota as largest auto maker by sales, Reuters says
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06:41 EDTVLKAYU.S. regulators pledge to continue auto safety crackdown, WSJ reports
Federal regulators have vowed to continue a crackdown on auto makers when discovering "significant" safety lapses, the Wall Street Journal reports. U.S. Transportation Secretary Anthony Foxx said Monday that he was "encouraged" by conversations with car companies about safety problems, the report says. Publicly traded companies in the space include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
July 26, 2015
19:22 EDTAUDVF, VLKAYBaidu CEO 'still interested' in Nokia map unit, Re/code says
In a Re/code interview published Friday afternoon, Baidu (BIDU) CEO Robin Li remarked that the company is "still interested" in Nokia's (NOK) HERE mapping unit. When asked about potential partners, Li commented, "I cannot say too much about it because it’s not a done deal." Note that earlier media reports have suggested Nokia is or was leaning towards selling HERE to a group of German luxury car makers including Daimler (DDAIF), BMW (BAMXY), and Volkswagen's (VLKAY) Audi (AUDVF). Reference Link
July 22, 2015
18:59 EDTVLKAYVolkswagen in talks to sell stake in LeasePlan, Reuters says
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07:18 EDTVLKAYAir bag aging poses threat to millions of U.S. drivers, NBC News reports
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July 21, 2015
09:40 EDTVLKAYJeep Cherokee can be hacked via entertainment system, Wired reports
Hackers Charlie Miller and Chris Valasek demonstrated to Wired how Jeep Cherokees can be hacked via the vehicle’s entertainment system, giving an attacker wireless control of the automobile and its systems. Miller and Valasek previously demonstrated hacks they were able to perpetrate against Ford (F) Escape and Toyota (TM) Prius vehicles, the report noted. Other publicly traded automakers include General Motors (GM), Honda (HMC), Nissan (NSANY) and Volkswagen (VLKAY). Reference Link
08:07 EDTVLKAYBorgWarner provides R2S turbocharging technology to Volkswagen
BorgWarner (BWA) provides its two-stage, or R2S, turbocharging technology for Volkswagen's (VLKAY) new high-performance diesel engine. Engineered to comply with the Euro 6 emissions standard, the 2.0-liter four-cylinder engine is the most powerful diesel engine in its class.
06:42 EDTAUDVFNokia close to selling HERE to German auto makers, Bloomberg reports
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July 20, 2015
12:16 EDTVLKAYHERE offering free HD map data for automated vehicle tests
HERE, a Nokia (NOK) company, announced it is making high-definition mapping data of sections of public roads in four countries available to all automotive companies to support their highly automated vehicle initiatives. HERE is offering HD mapping data of specific stretches of open road in Silicon Valley and Michigan in the United States, as well as in France and Germany, to all carmakers and automotive suppliers for test purposes. HERE plans to offer data for Japan too later this year. HERE is currently working with more than 10 "leading automotive companies" on automated driving projects, the company said. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY).
July 16, 2015
13:52 EDTVLKAYGM slips after Barclays downgrades auto sector on China downturnbw
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07:34 EDTVLKAYEuropean June car sales grow on expanded economy, Bloomberg says
European car sales growth accelerated to its fastest pace in five and a half years in June as Volkswagen (VLKAY), PSA Peugeot Citroen (PUGOY), and Ford (F) brought in new customers with newer models and an expanding economy, Bloomberg reports. Registrations rose 15% to 1.41M vehicles from 1.23M last year, the report says, citing data from the European Automobile Manufacturers' Association, or ACEA. Reference Link
July 15, 2015
19:39 EDTVLKAYVolkswagen considering entry into Iran market, Reuters says
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July 14, 2015
07:49 EDTVLKAY, AUDVFUber no longer in race to buy Nokia mapping division, NY Times reports
Uber submitted a bid to buy Nokia's "Here" mapping division for as much as $3B, but the ride-hailing service operator is out of the running to acquire the unit as Nokia (NOK) focuses its negotiations on a potential deal with a group of German automakers, including Daimler's (DDAIF) Mercedes-Benz, Volkswagen's (VLKAY) Audi (AUDVF) and BMW (BAMXY), reported The New York Times, citing three people with knowledge of the matter. Reference Link

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